Hermès // CSR Extract 2023

CORPORATE SOCIAL RESPONSIBILITY AND NON ‑ FINANCIAL PERFORMANCE THE PLANET: RAW MATERIALS

Science‑Based Targets for Nature cross‑reference grid: SBTN steps

Sections in the universal registration document

Correspondence

Assess

Conduct a materiality analysis

§ 2.1.3 Materiality analysis § 2.6.1.2 Risk mapping § 4.1.4.1 Changes in major global climate and biodiversity issues “Assess” – § 2.5.5.3 Diagnosing impacts across the entire value chain

Map the value chain

Interpret and prioritise

Identify spheres of influence

Prioritise places Measure, set and disclose Measure baseline

2

“Assess” – § 2.5.5.3 Diagnosing impacts across the entire value chain

Develop a monitoring plan Set targets Disclose baseline and targets

Act

Avoid

“Act” – § 2.5.5.4 Implementing actions in the métiers, sectors and sites

Reduce Restore and regenerate Transform

Track

Monitor

Monitoring table – § 2.5

Report Verify

TASKFORCE ON NATURE‑RELATED FINANCIAL DISCLOSURES

In addition to the basic TNFD recommendations, the work undertaken by Hermès as part of its Planet pillar, and in particular in 2023 with the SBTN approach, already makes it possible to meet a large number of the main indicators proposed for the Apparel & Textile sector, such as GHG emissions, the footprint of activities, water consumption, waste management and supply chains. GLOBAL BIODIVERSITY AGREEMENT OF THE CONVENTION ON BIOLOGICAL DIVERSITY Voluntarily, without waiting for the implementation of the Convention on Biological Diversity as a French national biodiversity strategy or other binding mechanism, Hermès is already considering, with its partners such as WWF France, the concrete responses to be provided by companies under the Kunming‑Montreal Global Biodiversity Framework, in particular on targets for Hermès’ activities. They are summarised in the table below:

The Taskforce on Nature‑related Financial Disclosures (TNFD), created in 2021, is composed of 40 members representing financial institutions, companies and market service providers. The TNFD’s mission is to develop and provide a reporting framework for risks and opportunities related to the evolution of nature and to act accordingly, with the ultimate aim of supporting a reorientation of global financial flows towards projects with positive externalities for nature. In September 2023, the TNFD published the final version of its framework. Hermès applies these recommendations, in particular those relating to disclosure of information on governance (role and monitoring by governing bodies of nature‑related dependencies, impacts, risks and opportunities), details requested on strategy (actual and potential impacts of nature‑related risks and opportunities on activities, and associated financial planning), expected pressures on risk and impact management as well as on measurement tools. Hermès proposes a cross‑reference grid between its work and the TNFD framework in § 2.7.4.3.

2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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